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About teauction.com
  • Launched in March 2000, as the first digital tea exchange to enhance market access and liquidity for all participants. We have been able to significantly reduce transaction cycle time and associated costs.
  • The auction operates under ALL INDIA Licence from Tea Board, Ministry of Commerce & Industry. The Tea Board has vetted our Rule Book and the Governing Council of the exchange takes the final call on all matters pertaining to the functioning of the Auction Floor.  
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We are an industry promoted exchange and our present shareholders are B M Khaitan Group Apeejay Group, Hanuman Tea and Centurion Bank. It may be noted that Centurion Bank has agreed to offer trade finance at competitive rates to the exchange participants.

  • We have a robust Back-end based on IBM technology & DB2 tools.

  • Teauction.com Ltd has a strategic alliance with AW Figgis & Co. Ltd., a 130-year-old brokerage house in the North and TTBL Tea & Technologies Ltd. in the South for providing affiliated services. We are also concluding JV agreements with 3 other Brokerage Houses for superior focuses and cost efficient client servicing.

  • Commerce on the portal began more than a year ago and over 150 auctions have been successfully concluded.

  • Teauction.com has concluded a tie-up with a US based satellite-imaging Company to provide real time weather related data for all tea producing regions in the country.

  • Teauction.com has tied up in a strategic joint venture with Messrs. Forbes & Walker in Sri Lanka and are conducting online sales every week under the aegis of the JV company Forbesteauction.com (Pvt.) Ltd. Teauction.com is also in advanced discussions with interested players in, Bangladesh and Indonesia for rolling out country specific Auction Floors.

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